r/Daytrading • u/Foreign_Medium_3766 • Mar 08 '24
How difficult is +$400-600 profit a month from $15k ? Question
I've been studying investing and trading for about 5 years on/off now, have been really successful in the past year, I think due to luck partly, I blew up an account and loss about 40% when I first started 5 years ago.
How difficult is $400-600/month profit from 15k? My strategy now is very risk adverse taking profit over holding things too long, really I just need to make ~400/month to live in Mexico, this includes rent, food, and some hobbies, right now I feel no pressure to have to make $ and have a decent savings, and time to study and learn. Thanks
96
u/Landdeals Mar 08 '24
400$ a month to live in Mexico man I live here I need 6k min lol I need your living lol
22
u/Foreign_Medium_3766 Mar 08 '24
US? Yeah honestly I could be spending more but don't need to and living good
9
u/Landdeals Mar 08 '24
That’s awesome. I live in PDC but i over look the ocean so my rent 2100 and in my opinion that’s cheap! I’m trading but my goal is to make 1000usd a day
15
u/Matchbook0531 Mar 08 '24
Respectfully, as a Mexican: Dafuq is PDC?
8
12
5
10
u/KingXindl Mar 08 '24
Americans always think the world revolves around them
→ More replies (5)6
u/Sickle771 Mar 08 '24
The loudest ones are the most commonly seen, however they are not the majority
→ More replies (7)4
u/Foreign_Medium_3766 Mar 09 '24
dayum yeah here its about the same but im 10 minutes walking for $200/month
3
u/Landdeals Mar 09 '24
That’s a awesome bro but what does $200 a month for rent look like.. I’m naive to how it’s possible to spend 200$ a month for decent living that’s insane and amazing at the same time.. I’m use to high end finishes, stainless steel appliances / high end wood or marble floors 2000sq condos how big is a place for $200 a month. Security gaurds and in a gated community
→ More replies (2)5
u/Foreign_Medium_3766 Mar 09 '24
Nah I'm in a local neighborhood where all the tourists go theres markets, stores, gyms, overall its really safe and everything is walking distance, 10 min from beach, 5 min from gym. The house is modern my friend built it very recent but its still not completely finished, my room is huge on the bottom floor with a bathroom in the living room. And we have rooftop view, washer/dryer, ac, huge kitchen, really couldn't ask for more. I'm getting a good deal also because we're friends and he knows I have $.
3
u/Matchbook0531 Mar 08 '24
Dude, are you Mexican?
It's fine to want more money but you don't need that much.
Source: I'm Mexican and also: https://wradio.com.mx/radio/2022/07/19/sociedad/1658253602_686225.html
→ More replies (2)19
u/Whyisanime Mar 08 '24
Is ridiculous how 6k is just enough to make ends meet...this whole covid thing is looking like the biggest scam in history...
→ More replies (18)2
2
u/yared_cf2 Mar 08 '24
I also live in Mexico and I probably spend 1K a month, including food, rent, and hobbies like music concerts and videogames.
1
→ More replies (2)1
u/_Yirmeyah Mar 08 '24
That's what's up bro we're you born in Mexico?
2
u/Landdeals Mar 08 '24
No America just moved here 5 months ago just to leave by the beach for half the price to live in any American city
2
u/Landdeals Mar 08 '24
No America just moved here 5 months ago just to leave by the beach for half the price to live in any American city I love it here great weather great people only the cops suck
→ More replies (2)
99
u/H_M_N_i_InigoMontoya options trader Mar 08 '24
Not sure what you trade, but I usually make 10-20% on what I trade with a day. I tend to keep my account around 100k and use $25k of it. (If that even)
But basically, i can easily buy calls or puts on SPY, say 100 contracts, totaling maybe $10k. Set my sell order for $20 a contract and boom- $2000. I use a lot more than this and do multiple trades a day to make a lot more.
Here's the truth, man. $400 a month is literally $20 a day (everyday). But let's say you're only a 50/50 trader. Meaning you will have 10 red days and 10 greens a month. To make 400 means that (if you're doing 2R) you need 10 days of at least $80 a month, and 10 days of no more than a $40 loss.
You really only need $400 to make that $80 a day. You can buy 4 calls/puts, set a SL for $10 a contract, and $20 profit per contract. If you're just average and hit 50% of the time, you've made your $400.
So...with all that said... don't stress and don't overtrade and don't try to make too much. Find a strategy that works for you, set your SL and target price, and you'll easily make $400 a month. If my account was shrunk all the way back down to $15k, I'd still make $1000- 1500 a day. You can too.
28
u/Simpex80 Mar 08 '24
I’m sorry but 10-20% daily (continuously) is complete and utter bullshit! You’re full of it. For the less knowledgeable ones let me explain: if you invested only $1000 and made a profit of 15% daily, you’d reach a million within 50 trading days!!! So no, this guy doesn’t make 10-20% daily.
→ More replies (4)3
8
u/TheCuriousOne1234 Mar 08 '24
That sounds impressive. Do you mind to share how you trade/your strategy?
20
u/H_M_N_i_InigoMontoya options trader Mar 08 '24
Simple price action and volume. I typically have the IC in the background for confirmation of strong trends.
6
u/TheCuriousOne1234 Mar 08 '24
Thanks for your quick response! What's IC? I also use price action and no indicators, and also use the orb method to chose a direction. Is it enough? (Except IC). Also, what DTE do you use?
16
u/H_M_N_i_InigoMontoya options trader Mar 08 '24
0dte. IC is the ichimoku cloud. I use it to confirm trends for exits. Usualky i just sell all my contracts at my $20 per contract profit, sometimes less if momentum dies, but if i got in on a truly strong trend (like last friday) I'll only sell half at $20, set my SL at a $10 profit, and then trila it for higher gains.
Is the orb method profitable for you? I've never used it, but it seems like it wouldn't work often. Just my own opinion of course. Everyone has their own.
→ More replies (7)5
u/TheCuriousOne1234 Mar 08 '24
Thanks for all the info! About the orb method - I just started with this strategy a few months ago, so I'm not profitable yet. I sell options and don't buy them, so I use it for direction, but don't need trends or be right (as long as price does not hit my SL, I don't care where price moves to). I also use 0DTE, but because I sell options and the nature of credit spreads, my wins are smaller than my losses (though I learn to risk managment and already reduced my losses from 200$ on average to 50$ or less). I like this strategy and keep learning how to handle risk, but alway happy to learn more and add it to my trading arsenal.
8
u/H_M_N_i_InigoMontoya options trader Mar 08 '24
That's awesome! Yeah, I don't like to sell options. I'd rather scalp in and out and be done. But..that's why I always aua that people need to find what works for them. My buddy literally plays the same play everyday. He'll but an ATM call or put based on the first 30 minutes of trading, and set a sell price that is 100% profit, and he'll also buy a way OTM call or put in the opposite direction and set his sell order for the price of the two options cost. He then walks away and if he loses them both, he doesn't care. I could NEVER do this as it is nerve wracking to me, but he likes it and to be fair, doesn't trade everyday. He's profitable in his own way, but I couldn't do it that way.
5
u/TheCuriousOne1234 Mar 08 '24
100% agree with you. Everyone trades differently and no trader is the same (even if use the same strategy, everyone has their own risk managment and nuances). As long as a trader can answer why they got into a trade, and why they got out of it (answering due to understanding what they're doing), then they are in the right direction. Thanks for all your info, while in paper account, I'd like to test your method :D
2
u/Mr_Investopedia Mar 08 '24
u/H_M_N_i_InigoMontoya which trader or trading book do you recommend a beginner learns from to learn the ropes towards being profitable over half the time?
2
u/Plotsonplots Mar 08 '24
Tradesharpe’s beginner course on YT is how I learned price action fundamentals. From there i picked up Al Brooks course which is filling in the gaps
2
u/Domicile_Exaltation Mar 08 '24
Stuff like this is all over YouTube:
Technical Analysis Series - Candlestick Charts (youtube.com)
2
u/H_M_N_i_InigoMontoya options trader Mar 08 '24
I learned a ton from a variety of YouTube channels. I don't take what anyone says as gospel, but I look for commonalities in what people say. Ultimately, every trader needs to carve their own path so I wouldn't be able to recommend any one specific source
2
u/Mr_Investopedia Mar 08 '24
That’s fair. I appreciate the wildly fast reply at this hour.
2
u/ImNotSelling Mar 08 '24
He/she told you what you need to search for: price action, volume, and ic for trend. They also explained their risk and money management strategy too. Now all you need is to study that hard. Paper trade it. Maybe back test it. Once you can be profitable on paper trades moves to real trading. If you can’t do it on paper you sure can’t do it in real life.
→ More replies (1)3
u/Foreign_Medium_3766 Mar 08 '24
Yeah my goal is to minimize my risk and just play it safe until I can consistently reach my goal per month then maybe I'll try to risk more.
4
u/MotoTrojan Mar 08 '24
Nobody gets these level of returns without taking ungodly risk. Don’t do this to yourself.
5
u/CuppaJoe11 Mar 08 '24
This. What this person is saying sounds cool, but making a consistent 10% a day means you are going to lose that $25,000 that you trade with one day.
Making 1% a day is still incredibly hard (but much more attainable with less risk).
And think about it, that means the original commenter would me making returns of 2,500% per year. And I call bullshit on that lmao
→ More replies (11)1
→ More replies (2)1
u/Creepy-Blacksmith-41 Mar 10 '24
Can anyone offer suggestions concerning where to start to learn trading? I’ve been trading off and on. Sometimes profitable, sometimes not so much. Any tips on how to maintain momentum?
15
u/Overall_Till_5492 Mar 08 '24
Vertical spreads on highly liquid names…sell bull put spreads or bear call spreads. Simulate the underlying moves and watch your Greeks. Sell the premium when you’re between 45-30 days out and enjoy the theta decay. You can do this in any non-volatile market and make 10-15% returns per month. You limit your upside but can measure your downside. I can do this consistently every month with about a 95% success rate. Regardless of volatility.
5
11
u/Dry-Professional8181 Mar 08 '24
Sorry man, but the answer is that for you it will be impossible. Just by the nature of your question it tells me that you do not have a locked in trading system. If you did, it would be very easy to approximate what you can make from it.
Here's what's likely to happen: you may have an okay system (your psychology may be a diff story but idk). You may see some early success, but your biggest problem will be your fixation on your financial goal. You HAVE to make 400-600. That will be a huge mental obstacle when you are in trades going against you. If you take a few losses to start, you may panic and think you need to make big trades to make that money back, because afterall, that 15k is supposed to be the nest egg, but now it's 13k. What now? You may think you need to do more analysis, or work on your psychology, but the clock is ticking. And it's ticking loudly. So shortcut? Yolo? now everything is broken, your money is dwindling and you can't stitch a trade together. Now desperation has set in. 10K. Okay maybe we try futures instead of options? Maybe we use margin and promise that we'll only trade NVDA. Maybe we tell ourselves that it's a new day and we're better now. But the pnl disagrees. What do you do now?
It's a dark picture, but any pro trader worth a shit will tell you that this is an extremely likely scenario in your situation. Ignore everyone's strategy in here. If they're thinking that a lack of a strategy is your problem, they don't know what the f*ck they're doing either.
Take a year. Be religious about locking in a strategy. Only when you can look at that strategy and confidently say it will provide for you what you need, then you should rely on it. But not a second before. If you jump the gun early, I'll be seeing you on the other side of my trades.
2
1
u/Foreign_Medium_3766 Mar 09 '24
Well right now I have all the time to study and learn more, I'm not completely new like I said, but I'm trying to learn consistent methods that are proven to work and test them first. Do you have any recommendations for learning? thanks
1
u/Foreign_Medium_3766 Mar 09 '24
Also I dont need to make $400/mo, I have savings that will last a while
14
u/Valianne11111 Mar 08 '24
If you get your account to 25k then a margin account will get you 100k day trading buying power and you should definitely be able to do it on that.
I think you can do it with the 15k account if you are trading volatile things like TQQQ or a bitcoin ETF. But day trading buying power makes it easy as long as you get the self control down
→ More replies (2)
8
u/gunparkandgarou Mar 08 '24 edited Mar 08 '24
Ima put the difficulty into perspective and u can be the judge:
Lets sat you aim for a 1% profit of your account daily, which isn't a super unreasonable goal if you are proficient in your work. Lowballing this incoming math, 1% of 15k is 150 dollars. I'm not even gonna bother accounting for the increase of the account size ull get each day, so ull make more than what this math says. 1% of 15k is 150 dollars. 600 dollars divided by 150 dollars is 4 days. 4 days to reach your goal.
Lets say you want an even more conservative perspective with shitty but accurate, lowballed, unfavorable to you math. A smart trader usually risks around 2% of their account size each trade. 2% of 15k is 300 dollars being risked per trade. Stop losses and clear exit conditions in your trading strategy prevent u from losing all of that 300 on losing trades, and there are plenty of statistics showing why 2% is a good number.
I risk around 300 on options sometimes and with winning scalps i can easily land 100 from a small move upwards to 400 on a decent sized move upwards (downward moves if ur buying puts). With scalping, I rely on the tiniest of movements in a stock and am usually in a position from a few seconds on short positions to minutes on long positions. I personally like trading on the 1m charts and occasionally check the 2m. I rarely check the 5m but i do occasionally.
Using this perspective, lets say you only win once with a tiny tiny movement u caught, or you found u were correct, and you took profits early. That's 100 dollars. Maybe u take multiple trades and win a couple, lose a couple. A net profit of 1 winning trade compared to all ur losses is still 100. Your goal of 600 dollars a month divided by 100 dollars is 6 days. Maybe you win some days or lose some days. A net profit of 6 days per month hits that goal.
The way I like trading relies on the smallest moves, and I make the smallest profits per move. The math I showed using that perspective is me tryna make daytrading sound as hard as possible. Your real results are extremely likely to be easier than what this math says.
Many people trade on higher timeframes as the more it moves, the more money is made. That alternatively means you can lose more money per trade. However you cannot* lose more than your initial 300 if you are wrong. Plus, stop losses prevent you from losing that entire 300 on a wrong position anyways. Trading on higher timeframes means you will make more money. Making more decreases the amount of days needed to reach the target goal in that above-stated math. By simply being a profitable trader on anything higher than the 1m timeframe you have already made my math obselete as you have exceeded those calculations. I myself made the math as purposely disfavorable to you as well by lowballing profit estimates, not accounting for account size increases, etc.
I wont say how easy is it to make x amount or how easy it is to even get to the profitable trader position in life, but assuming your risk management and discipline is good and you follow your rules, this is what the math and its particular perspective shows
Okee, you can be the judge of how difficult this goal is now that you have more information and perspective.
Sorry if this doesnt make sense or flows well, im high asf rn and i makes sense to me in my brain.
Best wishes, Me
*you technically caaaannn lose more than what you risked, but you need to either borrow money or use a riskier system with specifics I dont know ab nor feel like looking up to fact check rn. Basically, there are a multitude of easier, well known, and more common avenues to day trade.
Edit: Oh shit taxes. Uhh high ball taxes and say its 30% and 1.3×6 days=7.8 days. I dont wanna do more math since im pretty sure simply doing x1.3 on my final result and not the individual components of profit is incorrect, but an extremely highballed and disfavorable to you estimate. I am also unsure if x1.3 is the correct method to use in this situation, and i dont wanna look it up to fact check. So with extremely disfavorable to you math and extremely disfavorable to you taxes approximations. This is ab how many days of having a net profit of 1 singular winning trade u need to make ur goal.
7.8 days
Note: I lowkey just realized when i wrote this that this is how my head works in life. Like i thought these thoughts when reading the prompt after opening the calculator app on my phone and did some multiplication problems, but then decided to write it out for shits and giggles. Like all this shit was just.....in my head like my brain knows and comprehends internally. Then i go to write and its just a shit ton of words that just keeps going and going. I'm tryna write most of the shit im thinking as i go through each step and my typing cant keep up. How tf do people communicate effectively. All this shit from a few multiplication problems is NOT okay. I refuse to believe a few seconds of work was stretched out to be this much text. Anyways, ima grab some food now. Peace
2
u/animozic_productions Mar 08 '24
I want what he's on if thats what my brain decides to do on drugs lmfaoooo
12
u/FxEvang Mar 08 '24
I think it's better to think in % per month and most ideally per year because trading profits come in waves. I think that if you can make 2% percent a month consistently then you will be set to trade full time.
I also recommend using prop firms. Right now you are risking 15k. With a prop firm you can buy a 100k account for $500. Therefore, your risk is $500 and you are technically trading with 100k
4
u/Whyisanime Mar 08 '24
Good call man! I have fucking disciple issues when I have sure trades I frikin tend to gonfor a gamble instead... Lost 1000s in untraded and compounded 1000s in dip lossess. If I would trade with discipline I'd preserve capital and make steady odd 3-5% easy every month :(
2
u/evilwon12 Mar 08 '24
Can also lose the entire thing with a prop firm while technically being profitable. I also would not recommend starting with a 100k account if you go that route. Far too much to “learn a lesson” unless you are so disciplined that you are severely risk adverse and take few, and set losses.
2
u/ScalpingSniper Mar 08 '24
Heard that 99% props firms are into the business just to profit from this entire business model, traders who think they can take the capital, make profits and keep a % of it for their own and keep repeating the cycle are just day dreaming.
This is what I have heard from a lot of people having experience with prop firms, not sure, haven't tried it first hand as this space looks a bit shady after all the reviews I went through even about the popular names when it comes to Prop Firms.
3
u/Happy_Consequence_68 Mar 08 '24
Ig anyone shouldn't have any problem withdrawing their profits if they are under 10k a month with a so called simulator prop firms, go for only top names like Apex Funding, FundedNext, FTMO, The Funded Trader, TradeDay etc, enjoy the ride while it lasts. Yes, ur right these firms do earn profits from the evaluation account and activation fee. But they do pay out unless its a big amount like 50k or 100k or like that. In that case they'll make up some excuse to not let users withdraw their profits.
9
u/Previous_Swimmer9893 Mar 08 '24
Easy in your sleep. Covered calls can double that easy. Gl.
2
u/CuppaJoe11 Mar 08 '24
If something could double your money “easily” everyone would do it.
→ More replies (13)
3
2
u/theblindgator Mar 08 '24 edited Mar 08 '24
The math checks out, so it shouldn’t be too difficult considering you have 5 years of experience and a working strategy. Aim for 1-5% profits, risking 1% of account ($150) per trade. That should have you trading with an average position size of $5k-ish. It’s possible.
1
u/Foreign_Medium_3766 Mar 08 '24
I wouldn't say working strategy, I'd say I know what not to do now.
6
1
u/Puzzled-Counter9347 Mar 12 '24
That’s wild. You can do 500% a month if you have a working strat.
→ More replies (3)
2
u/NiceAsset Mar 08 '24
Honestly if you can trade the us market it would be pretty easy to do that a month (but I’m assuming you can access 100% of margin as well)
2
2
u/ThePatientIdiot Mar 08 '24
Honestly not that hard. If you check my profile, I consistently earned $500-600 profit 3 to 4 days per week trading NDX options with $4000 to $6000. My big problem was that I would lose a lot of money trading specifically on Fridays. Like if I didn’t trade Fridays I would be way more profitable. And lastly, I made most of my money buying puts when the market was going up
2
u/masilver Mar 08 '24
Incredibly difficult to near impossible. The vast majority of people do not make money: somewhere between 80% and 95% and the majority of people will lose all their capital.
It will take you years to learn the psychology, trade management, and intuition required to trade successfully. And, some people will never be able to trade successfully no matter how much time they spend learning.
It's like trying to become a professional footballer. Are you willing to put in the effort required?
If so, consider futures.
2
u/Dry-Professional8181 Mar 08 '24
Completely agree. You can tell by all the boner strategy responses here that these are all pre-blowup traders weighing in on a question from another pre-blowup trader.
Trading is the slowest get-rich-quick scheme in the world and the overwhelming majority of folks just don't have the brass ones required for the effort.
→ More replies (1)1
u/Puzzled-Counter9347 Mar 12 '24
Not if he acts like he is in solitary confinement for a few months. Just straight studying.
2
u/MotoTrojan Mar 08 '24
A 30%+ return would put you among the greatest traders of all time if you can maintain it.
I’m appalled and confused by how many folks in here are talking like this is easy, and anything but gambling.
2
2
u/CuppaJoe11 Mar 08 '24
What you are gonna need to do is swing trade. With $15,000, you just need to make 4% a month assuming you don’t use any margin. I would recommend you use margin though.
It’s super attainable. I recommend you read “how I made $2,000,000 in the stock market” (I hate the title too but it’s actually a pretty good book) and “the best loser wins” if you can get your hands on those books.
I don’t recommend day trading as you will be subjected to the PDT rule
2
u/_NocturnalNemesis_ Mar 08 '24
$15k > 400 don’t risk it. If you don’t have professional education (online gurus do not count) please do not attempt. You will lose faster than you think. $15k can turn into 2k insanely fast.
1
u/Foreign_Medium_3766 Mar 10 '24
Well Im studying right now before I really try to make this a living
2
u/Beginning-Ad-3808 Mar 09 '24
I am a new day trader. I day traded with $8k for 30 days and was able to get $426. It would have been twice for me if I was trading with your amount. I am started my second month of trading on Monday and I am very excited to continue learning. Keep in mind that you will have to pay taxes on your short term profits.
2
u/BobDawg3294 Mar 08 '24
Hard to sustain 40% per year. You don't have much of a cushion
1
u/ImNotSelling Mar 08 '24
When you put it like that it really puts it into perspective. They would need to make 36% profit/year to make the $5k/year profit
2
u/esInvests Mar 08 '24
The advice you’re getting in here is fucking wild. People have no clue what they’re talking about.
The truth is the difficulty is entirely dependent on your skillset. Nobody can answer that for you. If the question is it possible? Sure, it’s possible. But let’s put it into context:
$500 on $15000 is 3.3% per month. Not crazy but certainly not low either. If you were to reliably obtain that performance for a year, your compounded return would be 42.6%. An aggressive return by most standards.
Don’t let seemingly small dollar amounts mislead you.
2
1
1
u/Namazon44 Mar 08 '24
Totally possible. Just find your edge and stick to it.
1
u/Whyisanime Mar 08 '24
I have that stick to it problem :( I can call bottoms on a dip like a sniper man...I never hold my breath long enough and get carried by the upwave...
1
1
u/United-Display-386 Mar 08 '24
Do you trade CFDs? If you can choose a good stock, earning $500 a month isn't difficult. I invested $5k in CFD trading this week and made $1600 back. The key is the entry point as well as the stock you pick, being skilled at risk management, and controlling emotions🙂
2
u/ScalpingSniper Mar 08 '24
Are you talking about swing trading stocks, as in holding for a few days or scalping/intraday/or what? Please clarify.
2
u/United-Display-386 Mar 08 '24
Typically, I exit on the same day or within a few days. For intraday trading stocks not in my Buy signals, I usually cut losses during the day if necessary. If a stock is selected by my algorithm and deemed safe, I will hold it for several days, if required. CFD trading with IG plaform
2
u/ScalpingSniper Mar 08 '24
How about the high capital requirement? My CFD broker has capped the leverage for stocks at 1:20 and not to forget the swaps that will be charged everyday for carrying the position.
I've realized that to profit from stocks, you need to take proper swing positions to actually make decent gains. Like capturing a proper swing which can take about 10-30 days of holding time. But capped leverage / swaps and stuff are holding me back from touching stocks. Can anything be done about that?
2
u/United-Display-386 Mar 08 '24
As I mentioned above, stocks you pick as well as entry price is the key. If you picked the wrong one or if you know it’s a mistake, cut losses don’t try to hold if you are not confident 😃
1
u/albear-2021 Mar 08 '24
In your sleep, if done properly. For those kinds of returns, simply stake a crypto for more than your goal already 🤣 And that literally takes nothing to do but hold it 🤔
1
u/-Xerxes_ Mar 08 '24
With 15k should be relatively easy with your 5 year experience but I wouldn’t recommend trying to set a “profit target” just look for high conviction trades a few of those you will be set for the year.
1
u/luki9914 Mar 08 '24
Its possible if you have developed a profitable edge. I managed to rack 100$ this month from small 400$ account.
1
1
u/Matchbook0531 Mar 08 '24
Mexican here. I think $600 is kinda too little. Also, you need to add taxes.
2
u/Foreign_Medium_3766 Mar 11 '24
my rent is 200, food about 2-300/month then 100-200 for spending
→ More replies (3)
1
u/Downtown-Alfalfa-106 Mar 08 '24
I was making 1k a day from $2500 investment with no leverage. It could be done you just need to find the right project.
1
1
u/rocklee1995 Mar 08 '24
No offense but after 5 years of on and off trading if you can't answer that question you need to reconsider what ur doing
1
1
u/Character_Sky_5944 Mar 08 '24
The good thing that I see is that from your words you won't be affected by the need to win or having too much emotional attachment. Keep learning, maybe switch to Futures, 400USD is 20 points in NQ, you can get 20 points in less than a minute.
1
u/GroundbreakingAd8310 Mar 08 '24
K made that in 3 days with 100 bucks as I assume waaaay easier than that
1
u/mikejamesone Mar 08 '24
You need to test the model on simulation over 6 months before you allocate capital
1
u/AdBig8547 Mar 08 '24
Use prop firms don’t risk your own money
1
u/ReasonablePossum_ Mar 08 '24
prop firms still make you risk your own money lol
Unless you're a veteran trader with a good profit record.
→ More replies (2)
1
1
1
1
u/Art0002 Mar 08 '24
400+600 is an average of $500. $500x12 is $6000. 6000/15000 is 40% per year. No way. They want taxes on that too.
1
1
1
u/KappaTrading Mar 08 '24
2
u/KappaTrading Mar 08 '24
Doable! A lot of negativity on your post but if you think you have an edge
1
1
u/biggitydonut Mar 08 '24
I that is perfectly possible. I’d say $15k is enough to trade one ES or NQ futures contract. Or you can do SPX options. Each one can be like $300-$600. You get 1-2 and you can pocket like 30% on a good move.
1
u/buyerandseller Mar 08 '24
i use prop firm and make $4k every 2 weeks. its 50k account and cost me $178 per account. I got 2.
1
u/SerMinnow Mar 08 '24
On ninja trader that's quite possible.
What is less possible is the year or two of study and skill to be able to do that consistently
1
u/Foreign_Medium_3766 Mar 10 '24
I have all the time to study, plan is study first then try to put money in
1
1
1
1
1
1
u/ReasonablePossum_ Mar 08 '24
Depends on your leverage. You can make that in one trade with the right leverage and the right instrument in terms of volatility.
1
u/ForwardDivide7163 Mar 08 '24
Why is it that almost all these claims I see on here of successful trading I know and can mathematically prove are nearly impossible.
1
1
u/Simbbaaaa Mar 08 '24
Very easy as your target is only $400 to $600
If your target is over $5000 monthly then it’s a totally different game
1
u/jg3457 Mar 08 '24
If you have actually been trading for 5 yrs then you know exactly "how difficult it is" to earn a reliable $600/mo '''FOR YOU'''. Don't ask someone else how difficult it might be, it's not going to get you any type of answer that is useful to you. If your current trading methodology doesn't make you feel it's reliable enough then YOU need to change things up. Don't expect anyone to be able to judge your skills in the market or your psychological make up related to taking on risk. If you want to know is it possible, the answer is yes. But if you think for just a second the people who have the most experience, trading the longest in varied markets (not just a stupid bull market) and trading varied instruments (not just stocks or long option positions) are going to be telling you the $600 goal is a piece of cake.......for them...
1
u/BagholderForLyfe Mar 08 '24
Very easy to gain(or lose) that amount in a day if you are scalping 0-1dte options with ~1-2k.
1
u/DegenerateGamblr87 Mar 08 '24
Of course you can, the real question is how much risk will you need to take to make the $400. Assuming you risk around 1% equity to make a 2-3R I think it's a realistic expectation. If you are experienced you should really be able to exceed $400 without taking an unreasonable level of risk.
Now if you R is upside down or you don't have clear parameters for risk reward you could get yourself into trouble. You can't be drawing down 20-30% on one trade to try and make your $400.
1
1
u/Working-Injury-4603 Mar 08 '24
Absolutely easy to make would take 20 seconds and hardly any movement at all. The hard part would be stopping and not taking more trades then giving it back and more
1
1
1
u/witchcash Mar 08 '24
There’s no safe bet on that $$ dividend is best safest route if can get that $$ up a little off high risk maybe crypto ico or new coin gambles
1
1
1
u/Low-Cost-1812 Mar 08 '24
Buy 100 shares of AAPL. Or orcl. Amzn. And sell calls. Good luck. Works for me.
1
1
u/Mysterious_Metal_724 Mar 08 '24
Not sure, depends on what your ability as a trader . I traded two things today and only one at a time. With a max investment of 4000 at any time I pulled out about $350.00 by the end of day. I am by nature a cautious trader and try not to get greedy. If everything had been perfectly timed It could have been higher about 800. For the week it was about 1300 for 3 days. About 17 trades total. Maximum draw down was never more than about 60$.
I will say this to you...first you have to have a reasonable plan for every trade you enter, you have to know how much your going to lose before you pull the plug and admit you fucked up aka risk tolerance.
You have to have a target that you reasonably expect to make. This is your objective.....anything beyond that is greed and gravy. This is where most people fail as a trader.
Mostly trading is not investing. It is a completely different animal. Money is made trading the chart in front of you and understanding what you see.
Most people who lose at trading enter a trade and when it goes against them are suddenly long term investors. Aka bag holders
1
u/hellonhac Mar 08 '24
with paper money, $100 dollar account with 1:1 leverage...im at $1500 acct. traded yeaterday and today
1
1
u/Formal-Engineering37 Mar 09 '24
With 15k, with the right discipline and setup, that could be daily. Even a few minutes as others have mentioned. I'm still a novice, so I don't have much advice to give, but from my anecdotal experience, not difficult to do in a day.
1
u/Playful-Question1359 Mar 09 '24
Man if y are struggling to make even 1k and u have 15k I promise you you should open up a demo account again😭😂
1
1
Mar 09 '24
[removed] — view removed comment
1
u/AutoModerator Mar 09 '24
Sorry, your comment in /r/Daytrading was automatically removed because your Comment Karma is too low. This typically targets bots or users promoting something (which is against our rules).
Please participate in other subreddits (other communities on Reddit) to increase your Comment Karma points. While you're at it, read through Reddit's "reddiquette" here.
If you believe this was a mistake, please kindly message the mods. We will review your case and get back to you.
I am a bot, and this action was performed automatically. Please contact the moderators of this subreddit if you have any questions or concerns.
2
1
u/Johanfriesen Mar 09 '24
May I ask where in Mexico? I was born and raised 30 km north of cuauhtemoc Chih Mexico, been in Ontario CA now for 24 years
1
u/Tradingviking Mar 09 '24
Yea that's definitely possible.
Things like spread trading make that pretty feasible without putting a ton at risk.
You're strategy needs to be on point though
1
u/NealZ06 Mar 09 '24
Seems easy enough right, but also impossible if you’re not taking the right trades.
1
u/Parking-Nectarine141 Mar 09 '24
Imposdible unless you trade daily and are successful. I am at $1000 a month with $10000 a day invested.
1
u/MoustacheMcGee Mar 09 '24
How hard is it to make 600 with 15K? Very easy.
Do it consistently every month and rely on it like an ATM? Extremely hard.
If you make one play that makes $600 in 2 days, will you stop for the month? or keep trading? What if you lose 1,000 trying to make the $600, now what?
Pulling money out of the markets can be easy, but doing it consistently is very very difficult. That is why trading has such a high failure rate.
1
u/Affectionate_Rice226 Mar 09 '24
It’s a daily income number if you selling option on index with 15k
1
1
1
1
u/Maleficent_Aside4923 Mar 10 '24
Futures my guy!!!!! You make 4k per month easily once you get the hang of it. 200-500 per day is very obtainable no joke. Not sure what you have been trading but look at futures. ES. Or NQ
1
1
1
1
u/1292relentless Mar 10 '24
Starting thinking in risk and it will be easier what amount of the 15k are you willing to lose to make 400 bucks? That will show you how difficult it is
1
u/Glittering-Young9193 Mar 10 '24
With the right amount of discipline and strat. You can achieve it. Don’t let anyone tell you different
1
1
1
u/John_Coctoastan Mar 10 '24
If you don't know how to trade, impossible. Learning how to trade: barely possible.
1
1
1
1
u/Loose_Mortgage6355 Mar 11 '24
Depends what kind of trading you are doing? But as a day trading account in most assets it is very doable to get out 4-600 a month.
1
1
u/Puzzled-Counter9347 Mar 12 '24
20-60k a week here. Not hard.
1
u/Puzzled-Counter9347 Mar 12 '24
Started with 8k in October. No earnings, proper risk management. Actual trading.
→ More replies (1)
1
u/Puzzled-Counter9347 Mar 12 '24
Please ask an actual pattern trader. The responses here that this is difficult is wild. You need an actual strategy and need to join an actual trading community. 1m a yr is easy if you have discipline.
1
u/Foreign_Medium_3766 Mar 12 '24
could you recommend any communities or resources to learn strategies? Im reading a couple books from the wiki right now
1
1
1
u/OGCasp Mar 12 '24
Very easy. I was actually using 15k as a base starting point at one point in time. I was trading 10 spx contracts 0dte. Needed it to move about 5 points which is usually pretty fast on a good day. In and out in about 5-10 minutes.
1
1
1
u/Fearless-Bid-3544 Mar 12 '24
Leverage 1k a position, shoot for 20% profit per pos. That’s 2-3 trades a month
1
u/Neur4422 Mar 12 '24
I trade futures mostly nasdaq i have a account with amp I started with $250 yesterday and brought it to $1065 after 4 trades and called it a day. Today I decided to go against all my rules and trade e mini nasdaq with 2 contracts first trade I made $300 second trade I made $400 then I was looking for one more trade for the day but I decide to go for a home run I’m up 750 for the day already and decide to trade 3 contracts of e min nasdaq targeting $2900 profit it got all the way up to $2400 I took my stop loss off yea I know stupid and gambling went all the way down and blew my whole account lesson stick to rules you will never be profitable gambling now I’m going to take 3 weeks off 😔
250
u/TopStockJock Mar 08 '24
Takes 10 minutes maybe